Form 990 for tax year 2024
Filed by SILVER BAY ASSOCIATION FOR CHRISTIAN CONFERENCE AND TRAINING.
Totals
- Total revenue
- $11,370,034
- Total expenses
- $11,069,214
- Contributions and grants received
- $4,839,191
- Grants paid
- $8,000
- Program service revenue
- $5,302,734
- Investment income
- $1,068,878
- Other revenue
- $159,231
- Total assets, end of year
- $46,688,189
- Total liabilities, end of year
- $3,027,457
- Net assets or fund balances, end of year
- $43,660,732
- Program services expenses (Part IX)
- $9,351,746
- Management and general expenses
- $1,486,383
- Fundraising expenses
- $231,085
- Program service expenses (Part III)
- $9,351,746
Program services were 84.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1b · Membership dues
$422,110
-
1d · Related organizations
$0
-
1e · Government grants (contributions)
$1,557,658
-
1f · All other contributions, gifts and grants
$2,859,423
-
2a · Program service revenue: Childcare Revenue -- Infant/Toddler/Preschool
total $138,411 · related or exempt $138,411
-
2f · All other program service revenue
total $5,164,323 · related or exempt $5,164,323 · unrelated business $0 · excluded $0
-
3 · Investment income
total $548,222 · excluded $548,222
-
6c · Rental income or loss
real property $0 · personal property $0
-
7a · Gross sales of assets other than inventory
securities $5,721,084 · other assets $500
-
7b · Less cost or other basis and sales expenses
securities $5,200,928 · other assets $0
-
7c · Gain or loss
securities $520,156 · other assets $500
-
7d · Net gain or loss
total $520,656 · excluded $520,656
-
8c · Net income from fundraising events
total $0
-
10a · Gross sales of inventory
$148,743
-
10b · Cost of goods sold
$43,637
-
10c · Net income from sales of inventory
total $105,106 · excluded $105,106
-
11a · Other revenue: Miscellaneous
total $54,125 · related or exempt $54,125
-
11b · Other revenue: 0
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$54,125
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $8,000 · program services $8,000
-
3 · Grants to foreign organizations and individuals
total $0 · program services $0
-
5 · Compensation of officers, directors and key employees
total $329,155 · management and general $329,155
-
7 · Other salaries and wages
total $4,536,861 · program services $3,845,430 · management and general $522,315 · fundraising $169,116
-
8 · Pension plan contributions
total $196,896 · program services $143,734 · management and general $53,162 · fundraising $0
-
9 · Other employee benefits
total $347,245 · program services $283,593 · management and general $54,593 · fundraising $9,059
-
10 · Payroll taxes
total $332,658 · program services $259,062 · management and general $61,596 · fundraising $12,000
-
11b · Fees: legal
total $10,324 · management and general $10,324
-
11c · Fees: accounting
total $27,893 · program services $2,893 · management and general $25,000
-
11g · Fees: other
total $312,116 · program services $0 · management and general $312,116 · fundraising $0
-
12 · Advertising and promotion
total $116,585 · program services $116,585
-
13 · Office expenses
total $215,676 · program services $179,445 · management and general $19,752 · fundraising $16,479
-
16 · Occupancy
total $416,822 · program services $416,822
-
17 · Travel
total $72,445 · program services $64,499 · management and general $2,703 · fundraising $5,243
-
20 · Interest
total $181,461 · program services $167,661 · management and general $13,800
-
21 · Payments to affiliates
total $69,479 · program services $0 · management and general $69,479 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $1,438,088 · program services $1,438,088
-
23 · Insurance
total $344,478 · program services $333,528 · management and general $10,950
-
24a · Other expenses: FOOD PURCHASES
total $727,435 · program services $727,435
-
24b · Other expenses: PROGRAMS
total $205,495 · program services $205,495
-
24c · Other expenses: EQUIPMENT MAINTENANCE
total $489,218 · program services $489,218
-
24d · Other expenses: BUILDINGS - REPAIRS & MAINT
total $174,844 · program services $174,844
-
24e · All other expenses
total $516,040 · program services $495,414 · management and general $1,438 · fundraising $19,188
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $21,837 · end of year $12,113
-
2 · Savings and temporary cash investments
beginning of year $2,604,813 · end of year $1,952,752
-
3 · Pledges and grants receivable
beginning of year $4,295 · end of year $0
-
4 · Accounts receivable
beginning of year $8,671 · end of year $35,807
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $81,449 · end of year $85,257
-
9 · Prepaid expenses and deferred charges
beginning of year $104,726 · end of year $94,336
-
10a · Land, buildings and equipment: cost or other basis
$46,160,999
-
10b · Land, buildings and equipment: accumulated depreciation
$19,177,126
-
10c · Land, buildings and equipment, net
beginning of year $27,781,294 · end of year $26,983,873
-
11 · Investments: publicly traded securities
beginning of year $15,350,265 · end of year $17,524,051
-
12 · Investments: other securities
beginning of year $0
-
13 · Investments: program-related
beginning of year $0
-
15 · Other assets
beginning of year $8,754 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $365,145 · end of year $495,317
-
19 · Deferred revenue
beginning of year $677,070 · end of year $173,977
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $2,505,267 · end of year $2,358,163
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $8,754 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $35,487,044 · end of year $36,538,354
-
28 · Net assets with donor restrictions
beginning of year $6,922,824 · end of year $7,122,378
Mission and programs · 2024
Mission
Silver Bay Association for Christian Conference and Training's (doing business as Silver Bay YMCA) mission is to foster relationships, strengthen communities, and nurture spirit, mind and body for all. IMPACT: Because of Silver Bay YMCA, personal and family bonds are stronger. People are more connected, respectful, and caring. they have the confidence to develop to their full potential; and to positively impact the communities in which they work and live. As a result, communities are more dynamic, inclusive and diverse. As stewards of Lake George, we inspire people to be stewards of the environment while they are visiting our magnificent campus and in their home communities.
Activities or mission (Part I)
Silver Bay Association for Christian Conference and Training (doing business as Silver Bay YMCA) is a charitable organization that serves individuals, families, and conferences regardless of faith, religion, gender, ethnicity, sexual orientation, or ability to pay full costs with opportunities to renew, refresh, and nurture their spirit, mind, and body. Silver Bay is dedicated to youth development, healthy living, and social responsibility.
-
See Schedule O
Expenses $9,351,746 · Grants $8,000 · Revenue $5,302,734
As filed on the 2024 return.
Listed in Part VII
-
Elise Walton
Chair Elect
- Total calculated
- $0
- Hours/week
- 1
-
Jeremy Fischer
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Joel Wattenbarger
Chair
- Total calculated
- $0
- Hours/week
- 1
-
Kathy Wilson
Vice Chair
- Total calculated
- $0
- Hours/week
- 1
-
Melissa Adams
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Morris Peters
Vice Chair
- Total calculated
- $0
- Hours/week
- 1
-
Beth Whitaker
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
David Kaiser
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Denise Carter
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Dominic Colafati
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Jack Mangiante
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Kaley Bell
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Malcolm Lee
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Matthew Crusey
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Michelle Hay
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Nicole Bostic
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Paul Nasrani
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Thomas Schaffer
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Maletta Hourigan
Chief Financial Officer
- Total calculated
- $137,437
- From this org
- $117,794
- From related orgs
- $0
- Other
- $19,643
- Hours/week
- 40
-
Peter Doliber
Chief Executive Officer
- Total calculated
- $234,493
- From this org
- $183,736
- From related orgs
- $0
- Other
- $50,757
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $183,736
- Bonus
- $0
- Other
- $0
- Deferred
- $28,875
- Nontaxable benefits
- $21,882
- Filer's total
- $234,493
-
Charles Walter Lender
VP of Development & Government Relations
- Total calculated
- $125,078
- From this org
- $106,926
- From related orgs
- $0
- Other
- $18,152
- Hours/week
- 40
-
Lucas Callahan
Vice President of Guest Experience
- Total calculated
- $135,326
- From this org
- $135,002
- From related orgs
- $0
- Other
- $324
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 1a · Housing allowance or residence for personal use
- 3 · Compensation committee
- 3 · Form 990 of other organizations
- 3 · Approval by the board or compensation committee
Answered no
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- Schedule J, Part I, Line 1a Housing allowance or residence for personal use
- Part I, Line 1A: The CEO lives on campus and does not receive a housing allowance. The CEO paid $7,800 in 2024 for this benefit.
- Schedule J, Part I, Line 1a Relevant information regarding compensation benefits
- CEO received a housing stipend as part of his yearly salary. Amount included in his taxable compensation.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 14 May 2025
- IRS schema version
- 2024v5.1
- Source object
- 202531349349302038
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